The company, whose software helps businesses secure employees’ email and smartphone apps, filed Wednesday for an initial public offering. The filing reveals Good Technology is unusual among recent tech IPOs, because it had less than 12 months’ worth of cash as of Dec. 31.

The Wall Street Journal’s analysis of 148 recently public or soon-to-be-public tech firms that showed all had more than a year’s worth of cash. The analysis was based on the companies’ cash in the bank and pace of annual cash losses from operations at Dec. 31.

Good Technology reported cash and cash equivalents of $42.1 million as of Dec. 31. According to the filing, the company spent $54 million more on operations than it took in last year. Read More »